Nonradial directional performance measurement with undesirable outputs: An application to OECD and Non-OECD countries
Chen, Po-Chi, Yu, Ming-Miin, Chang, Ching-Cheng, Hsu, Shih-Hsun, & Managi, Shunsuke (2015) Nonradial directional performance measurement with undesirable outputs: An application to OECD and Non-OECD countries. International Journal of Information Technology and Decision Making, 14(3), pp. 481-520.
The objective of this paper is to provide a more comprehensive e±ciency measure to estimate the performance of OECD and non-OECD countries. A Russell directional distance function that appropriately credits the decision-making unit not only for increase in desirable outputs but also for the decrease of undesirable outputs is derived from the proposed weighted Russell directional distance model. The method was applied to a panel of 116 countries from 1992 to 2010. This framework also decomposes the comprehensive efficiency measure into individual input/ output components' inefficiency scores that are useful for policy making. The results reveal that the OECD countries perform better than the non-OECD countries in overall, goods,labor and capital efficiencies, but worse in bad and energy efficiencies.
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|Item Type:||Journal Article|
|Keywords:||Data envelopment analysis, directional distance function, undesirable output, Russell measure, slacks-based model|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
|Copyright Owner:||Copyright 2015 World Scientific Publishing Co. Pte. Ltd.|
|Deposited On:||07 Mar 2016 02:22|
|Last Modified:||08 Mar 2016 04:02|
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